Applied Econometrics and Data Analytics

Applied Economics and Policy Analysis

Master of Science Handbook

M.S. Program Director: George Frisvold

M.S. Committee: Gary Thompson, George Frisvold, Satheesh Aradhyula, and

Tauhid Rahman

Graduate Program Coordinator: Danielle Buhrow

Copyright © 2017 Agricultural & Resource Economics

https://cals.arizona.edu/arec

AREC Graduate Program Handbook p2

In this handbook are details regarding the rules and procedures relevant to the M.S. program in

the Agricultural & Resource Economics Department at the University of Arizona.

Please note these four essential UA Graduate College websites for the most current information:

(A) Graduate College: http://grad.arizona.edu

(B) Policies and Procedures: http://grad.arizona.edu/policies

(C) New and Current Students, parents, for professional development, and wellness:

http://grad.arizona.edu/currentstudents

(D) General catalog http://catalog.arizona.edu/

These websites contain the formal statements of university and department minimum

requirements for all degrees. Students are expected to be familiar with these requirements,

particularly those relevant to coursework, scholarship, exams, residency, and deadlines for filing

required documents.

The UAccess Student website, https://uaccess.arizona.edu/, provides a complete list and brief

description of courses that carry graduate credit (courses numbered 500 and above).

AREC Graduate Program Handbook p3

Contents

1. PROGRAM HISTORY ....................................................................................................................... 4

2. ADMISSIONS ...................................................................................................................................... 5

2.1. ADMISSION REQUIREMENTS ...................................................................................................... 5

2.2. GRADUATE ASSISTANTSHIPS ...................................................................................................... 6

3. CURRICULUM IN AREC M.S. ........................................................................................................ 6

3.1. THE MINIMUM REQUIREMENTS OF THE PROGRAM .......................................................... 7

3.2. CONCENTRATIONS ......................................................................................................................... 7

3.3. AREC MINOR FOR PH.D. STUDENTS .......................................................................................... 8

3.4. ACCELERATED MASTER’S PROGRAM (AMP) ........................................................................ 9

3.5. SCHEDULE OF COURSE OFFERINGS ........................................................................................10

3.6. SATISFACTORY ACADEMIC PROGRESS .................................................................................11

3.7. CO-CONVENED COURSES ............................................................................................................11

3.8. INDIVIDUAL STUDIES ...................................................................................................................11

3.9. COURSE LOAD .................................................................................................................................12

3.10. ADVISING AND MENTORING ......................................................................................................13

3.11. SEMESTER-TO-SEMESTER GUIDE ............................................................................................14

AREC Graduate Program Handbook p4

1. Program History

The University of Arizona Department of Agricultural and Resource Economics (AREC)

was established over 75 years ago with only two faculty members. In the early days of

the department, research and extension activities focused primarily on Arizona

agriculture. Within the first two decades, however, the department began to increase its

regional, national, and even international presence through a variety of research

projects, including one in Brazil. By the early 1970s, the department had doubled in size

and water issues had become a focal point of AREC research. Throughout the 1980s and

early 1990s, the department continued to grow and focus on the research it had gained

recognition for in earlier years. The advent of the 1990s and early 2000s brought about

significant changes. Yet, today, despite declining resources, the Department of

Agricultural and Resource Economics continues to be recognized for high quality faculty,

policy-relevant research, and impressive undergraduate and graduate programs.

The AREC department is home to 12 teaching and research faculty (3 of whom who hold

extension/research appointments), 2 extension economic impacts analysts, and 3

support staff skilled in student advising, technical editing and graphic design, and

administration and financial services.

Three emeritus faculty, one former faculty member, and one current faculty member

have been selected as Fellows of the American Agricultural Economics Association

(AAEA), a recognition of career accomplishments in agricultural and resource

economics. Similarly, two faculty members have won career recognition through the

Western AEA.

In its 2017 rankings of master's programs in Economics, The Financial Engineer ranked

the Department's master's program as 13th in the nation among private and public

institutions, and 7th among only public institutions.

AREC Graduate Program Handbook p5

2. Admissions

2.1. Admission Requirements

Completion of a four-year baccalaureate degree, or its equivalent from a non-U.S.

institution, is necessary for enrollment in the graduate program. Applicants to our M.S.

programs typically have completed coursework in economics through both intermediate

microeconomic and intermediate macroeconomic theory. Master’s degree candidates

should have had at least one course in statistics and one course in calculus.

Graduate College Online Application, see our program descriptions at the

Grad College website for full details

o http://grad.arizona.edu/programs/programinfo/ARECMSAEDA

o http://grad.arizona.edu/programs/programinfo/ARECMSAEPA

Unofficial Transcripts (Official translation in English, from previous

institution), submitted through Graduate College Online Application.

Official transcripts will be requested if we offer admission

recommendation.

Three Letters of Recommendation-submitted through Graduate College

Online Application

Statement of Purpose/Personal Statement-submitted through Graduate

College Online Application

3.0 minimum undergraduate GPA on a 4.0 scale or 3.0 GPA within a

minimum of 12 units of graduate level coursework.

Official GRE Scores: 70th percentile or better in the quantitative portion is

recommended. The institution code is 4832 for the University of Arizona

and 0101 for the Department. Submitted officially from ETS. In the online

application, applicants may enter their scores, but official scores must be

submitted by ETS to the University of Arizona.

AREC Graduate Program Handbook p6

Official TOEFL Scores: Required for students from countries where the

native language is not English. The institution code is 4832 for the

University of Arizona and 99 for the Department. Submitted officially.

Students with a 4-year degree from an official English speaking language

country do not need to submit English Speaking Proficiency testing scores.

International students (of non-English speaking countries):

o Minimum TOEFL (Paper-based) Score: 550

o Minimum TOEFL (Internet-based) Score: 80

o Minimum IELTS (overall band score): 7

2.2. Graduate Assistantships

All students which submit an admission application by the annual priority deadline of

February 1st are reviewed for possible graduate assistantships (GA). A separate

application for GA is not necessary for this department. Earning an AREC GA position is a

competitive process, as such, not all admitted students are offered GA by the

Department. Students will be contacted if they are selected to be a departmental GA via

email with an official offer letter. Both teaching and research assistantships are available

each academic year. Students that wish to apply for Spring admission are not eligible for

AREC GA, as funding is awarded on an academic year basis, which begins in Fall

semesters.

Continuing GAs must make satisfactory progress each semester and earn a minimum 3.0

semester GPA as well as maintain a minimum cumulative 3.0 GPA.

3. Curriculum in AREC M.S.

AREC Graduate Program Handbook p7

The AREC M.S. degree has two academic plan options from which students may choose:

Applied Economics and Policy Analysis (AEPA, is structured to be completed in 4

semesters; Applied Econometrics and Data Analytics (AEDA), is structured to be

completed in 3 semesters and does not require a thesis. Those that wish to pursue a

Ph.D. typically take the AEPA plan. See section 3.2 for details of each plan.

The AREC MS degree requires 30 units, 16 of which come from what are considered

Core courses. Within the Core courses is AREC 596a, this course is required in the

students 1st semester and is optional each additional semester. It may be repeated for

credit each semester, but only 1-unit of AREC 596A credit may be used toward meeting

the 30 total degree required units. A number of individual lectures are typically offered

each semester as part of the AREC 596a seminar, with specific topics and descriptions

posted for that semester. Light coursework and lectures may be required in addition to

attending seminar presentations. Overall attendance is essential and expected.

3.1. The Minimum Requirements of the Program

Students are required to complete:

A minimum of 30 graduate units with a minimum 3.0 cumulative GPA;

16 core units are required as part of the 30 total units

AEPA seeking students must complete a minimum of 6 thesis units (AREC 910) as

part of the 30-unit total;

AEDA seeking students are required to complete AREC 559 as part of the 30-unit

total.

If awarded a graduate assistantship (GA), a minimum of 10 graduate units enrolled

each semester and maintain a minimum 3.0 GPA.

Successful progress with GA duties are required to maintain GA. GA is a privilege and

not a right.

3.2. Concentrations

AREC Graduate Program Handbook p8

Applied Econometrics and Data Analytics

Our M.S. program in Applied Econometrics and Data Analytics offers outstanding

opportunities as a terminal degree. In just 18 months, you will be prepared for

challenging and fulfilling jobs as econometricians, data scientists, risk managers, credit

analysts, economists, and policy analysts in the private sector and in governmental and

non-governmental organizations.

Applied Economics and Policy Analysis

Our program in Applied Economics and Policy Analysis will pave the way for excelling in

premier Ph.D. programs in agricultural and resource economics. This two-year program,

which requires students to write a thesis, provides superb preparation in academic

research. Master’s graduates in this program gain admission and garner financial

support at top agricultural and resource economics programs including UCBerkeley,

Cornell, UCDavis, Maryland, and Minnesota. Our past graduates have placed

exceedingly well in academic jobs, securing tenure-track assistant professorships in

universities such as Ohio State University, University of Florida, Purdue, Tufts University,

and University of Utah.

3.3. AREC minor for Ph.D. students

A minor is available from this department for Ph.D. seeking students, once admitted to

the desired UA Ph.D. program; the student should submit the AREC minor application

form at https://cals.arizona.edu/arec/phd-arec-minor-application

The minor consists of 12 graduate level required units, view the

requirements at https://cals.arizona.edu/arec/graduate-programs

AREC Graduate Program Handbook p9

3.4. Accelerated Master’s Program (AMP)

The AREC AMP is open to active, current University of Arizona students enrolled in the

AREC undergraduate programs of Agribusiness Economics and Management with the

Agricultural Economics emphasis (ABEM-ECON), and the Environmental and Water

Resource Economics (EWRE). Agribusiness Management emphasis majors are not

eligible for AREC AMP. Students with the ABEM-ECON or EWRE major are eligible for

either of our graduate programs Applied Econometrics and Data Analytics (AEDA) or

Applied Economics and Policy Analysis (AEPA). Students interested in applying to AREC

AMP must have at least 75 earned/completed units at the time of application

submission and must have at least 90 earned/completed units prior to admission to

AMP. Prior to admission a minimum 3.3 cumulative GPA is required, if the GPA falls

below 3.3 prior to admission or 90 units are not completed, the student will not be

allowed to begin the AREC AMP. Also, the Graduate Record Exam (GRE) must be

completed prior to application submission in order for the application to be reviewed.

The quantitative GRE minimum score required for admitted students into this program

is the 70th percentile.

During a student's 3rd year they should prepare to apply to this program for the next

soonest Fall semester, February 1st is the annual deadline for the application

submission. This department's incoming AMP cohort begins in Fall semesters only. It is

during their 4th year/senior year that the admitted AMP student will take graduate level

AREC courses that will count toward their undergraduate and graduate degrees. Up to

12 total graduate level units are permitted to be shared between both degrees, 6

graduate units in the Fall semester and 6 graduate units in the Spring semester. While

an undergraduate student, taking the 12 permitted graduate level units in courses

numbered 500-599, tuition will be charged at the undergraduate tuition amount. After

the bachelor degree has been completed and the student is taking only graduate AREC

MS degree courses, tuition will then be charged at the graduate tuition amount. Should

AREC Graduate Program Handbook p10

the undergraduate degree not be completed at the completion of the 12 graduate AMP

units, the student’s tuition will begin charging at the graduate level tuition cost and the

student will no longer be eligible for undergraduate aid or scholarships nor graduate

assistantships. AMP students while an undergraduate student, are not eligible for

graduate assistantships, only once they have successfully and completely transitioned to

a fully graduate level student and no longer AMP, will they be eligible for available

graduate assistantships.

3.5. Schedule of Course Offerings

All Core courses are ordinarily completed during the first year of study: AREC 513 and

AREC 548 in the first semester and AREC 504 and AREC 549 during the second semester.

Students ordinarily complete AREC 580 prior to completing any of the Core classes

during a three-week intensive review in July/August. If a student requests Spring

admission and the department approves this, the student may start the program in the

Spring semester, it is recommended that he/she take elective courses in the first

(Spring) semester followed by AREC 580 and Core classes in the second (Fall) and third

(Spring) semesters.

Fall semesters:

AREC 580 - Math for Economists (Course completed in July/August) AREC 512 – Economic Policy in Developing Countries AREC 513 – Consumption Economics and Price Analysis AREC 548 – Introductory Mathematical Statistics for Economists AREC 559 – Advanced Applied Econometrics AREC 575 – Economic Evaluation of Water & Environmental Policy AREC 579/479 – Economics of Water Management & Policy AREC 596A – Seminar required in 1st semester

Spring semesters:

AREC 504 – Production Economics AREC 516 – Microeconomics of Agriculture Development AREC 549 – Applied Econometric Analysis AREC 550/450 – Financial Management: Agribusiness AREC 596A – Seminar (optional after 1st semester)

AREC Graduate Program Handbook p11

3.6. Satisfactory Academic Progress

AREC M.S. students are expected to:

Maintain a 3.0 GPA each semester.

Complete the Core Courses for the program and all other unit requirements.

Successfully complete a thesis and thesis defense for those in the AEPA plan.

For those in the AEDA plan, students must successfully complete a final oral

exam.

Complete all steps within UAccess Grad Path.

Not making satisfactory academic progress means the student has not maintained a 3.0

GPA and is not making progress through the Core courses. Evaluation of satisfactory

academic progress will be made each semester with final grades and at the end of the

student’s graduate career with their final oral exam or thesis and thesis defense.

The UA Graduate College has established guidelines, which departments must follow in

order to dismiss a graduate student from the program. Students should be aware of

these by reviewing them from the Graduate College website at

https://grad.arizona.edu/policies

3.7. Co-convened Courses

Some graduate courses are held in conjunction with upper level undergraduate courses,

although graduate students must complete additional work. Such classes are typically

based on lectures rather than discussion. AREC Core Courses are not jointly convened.

3.8. Individual Studies

Graduate students can register for different kinds of individual study and

research/thesis credits. Up to nine of these credits (including the required 6-units of

AREC Graduate Program Handbook p12

AREC 910 thesis credits for AEPA students) can be applied to unit requirements for the

M.S. degree. A student is permitted to exceed nine such credits, but only 9 will count

toward their degree total units. In the following list, the number in brackets refers to the

number of credits permitted each semester, not the number of credits required for

graduation.

AREC 593 Internship [1 to 5 units]

AREC 599 Independent Study [1 to 6 units]

AREC 699 Independent Study [1 to 3 units]

AREC 900 Research [1 to 6 units]

AREC 910 Thesis [1 to 6 units]

3.9. Course Load

During the fall and spring semesters, full-time status per the Graduate College requires

enrollment in 9 units of graduate credit. Three to four courses (9 - 12 units) per

semester constitute typical full time enrollment. Please note, AREC GA students must

enroll in a minimum of 10 graduate level units.

Per the UA General Catalog, “A student who has completed all course work, the

thesis/dissertation unit requirements, has advanced to candidacy, is working on the

thesis/dissertation, and is not employed as a Graduate Assistant/ Associate or student

worker may apply for advanced status, which allows 1 unit of 900-level credit for full-

time status. The full-time status enrollment minimums apply to students wishing to

defer federal loan repayments, to international students with F or J visa status, and/or

to students receiving University funding other than wages.” These policies are subject to

change. Please refer to the latest General Catalog for current policies.

AREC Graduate Program Handbook p13

It is Graduate College policy that in a student’s final semester, the student must be

continuously enrolled in at least 1 graduate level unit to earn their degree. To see this

and all other Graduate College degree requirements visit

http://grad.arizona.edu/gsas/degree-requirements.

3.10. Advising and Mentoring

Successful graduate study relies on effective relationships between the student and the

advising faculty member(s). Upon arrival in the program, new students should schedule

a time to meet with the Director of Graduate Studies (DGS) for advising, unless they

have identified an advisor prior to beginning the program. Students should meet with

the DGS and/or their advisor at the start of their first semester to discuss educational

objectives and plan a tentative program of study. Student and advisor typically share

similar research interests. Students are encouraged to develop and maintain informal

mentoring relationships with different faculty members, including but not limited to

those faculty who are formal members of the student’s final oral exam or thesis

committees.

The formal advising relationship is agreed to by mutual consent through discussion

between the student and the faculty member concerned. A student may change

advisors, but the change must again be by mutual consent, and should be done in

consultation with the DGS.

New students are also strongly encouraged to introduce themselves on arrival to the

Department Head, staff, and members of the faculty. New students are to be available

for the mandatory AREC orientation, which occurs three weeks before the beginning of

Fall classes. AREC 580 also starts three weeks before Fall classes begin. Students holding

graduate assistantships are to be available one week prior to the beginning of classes for

training sessions and assisting in course preparation. Continuing graduate students

should consult with their mentors and advisors as often as necessary during each

AREC Graduate Program Handbook p14

semester, and with the Director of Graduate Studies at least once each year or

whenever necessary. Students are responsible for planning enough to ensure

appropriate course registration, and to meet any filing deadlines specified by the

Graduate College. Graduate students should work with the Graduate Program

Coordinator regarding dates and deadlines and all enrollment questions/concerns.

3.11. Semester-To-Semester Guide

GradPath is the online system that manages the creation, routing, and approval of all

Graduate College degree programs. All forms that graduate students are required to

submit to the Graduate College are within GradPath. The ability to utilize GradPath

begins with completion of the first form titled, “Responsible Conduct of Research.” Once

this form is completed, the additional required forms will be made available to you.

The next step is the “Plan of Study”, where students will enter the courses and units

they have and will take toward this degree. Once submitted it is approved at the Dept.

level and Graduate College. The Plan of Study may be resubmitted as many times as

necessary to have it list only the courses applicable to the AREC MS degree.

The third form is the “Masters Committee Appointment Form”, this is where the

student will indicate whether or not they are completing a thesis, identify their thesis

advisor for their thesis defense or a faculty advisor for their final oral exam, as well as

their two additional committee members.

The tables below illustrate the semester-by-semester plan for AEPA and AEDA full time

students. Students are not bound to this route, but it is the most efficient pathway to

degree completion.

The two charts below show a full-time student’s semester-by-semester plan for both

AEPA and AEDA seeking students. Working part-time is possible with this degree and

although unusual, this pathway will need to be worked out on a case-by-case basis with

the student, program coordinator and the DGS.

AREC Graduate Program Handbook p15

AEPA Plan 1st Fall

Course Units Required Core?

AREC 513 3 AREC 548 4 AREC 580 2 AREC 596A 1 Total 10

1st Spring

Course Units Required Core?

AREC 504 3 AREC 549 3 Grad Elective 3

Total 9

2nd Fall

Course Units Required Core?

AREC 910 3 AREC 559 or Grad Elective 4 Grad Elective 3

Total 10

2nd Spring/Completion Term

Course Units Required Core?

AREC 910 3 Total 3

AREC Graduate Program Handbook p16

AEDA Plan 1st Fall

Course Units Required Core?

AREC 513 3 AREC 548 4 AREC 580 2 AREC 596A 1 Total 10

1st Spring

Course Units Required Core?

AREC 504 3 AREC 549 3 Grad Elective 3

Grad Elective/Independent Study 1

Total 10

2nd Fall/Degree Completion Term

Course Units Required Core?

AREC 559 4 Grad Elective 3 Grad Elective 3

Total 10